[Coin Scan] WOM and MOODENG surge, Bitcoin supply and demand concentrated… Analysis of top and bottom stocks in the domestic coin market

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As of May 12th at 0:30, the domestic cryptocurrency market shows a mixed trend with significant price increases and active trading in certain tokens. While some tokens demonstrate strong upward movements, there are also noticeable declines, requiring investors' careful attention.

In the top net buying tokens, Bitcoin (BTC) and Tether (USDT) are attracting concentrated investor inflows. On Upbit, BTC recorded the highest net buying volume, while on Bithumb, USDT emerged as a key asset. This suggests some funds are moving towards cash-like assets and representative coins. BTC also ranked among the top net buying tokens on Bithumb.

Among the top gainers, WOM and MOODENG traded on Bithumb recorded significant price increases. Particularly, WOM surged over fifty percent, showing the most prominent upward trend, while MOODENG continued its strong momentum. Additionally, GEOD and OLAS on Korbit, and NFP on Coinone also drew attention as rapid gainers. According to Bonanza Lab data, these tokens appear to have moved significantly based on individual positive news or expectations, independent of overall market trends.

Conversely, HIFI traded on Bithumb showed a sharp decline, unable to withstand selling pressure from market investors. On Coinone, LIT, EVERY, and PRIME displayed weakness, while on Korbit, WAXL was recorded as a significant decliner. Notably, LIT seems to have suspended trading with no transaction amount, requiring investment caution.

In terms of trading volume, Doge (DOGE) recorded the most active trading centered on Upbit, with XRP, MOVE, ETH, and BTC ranking in the top positions, confirming continued high investment demand for representative coins. Particularly, DOGE's repeated short-term issues are stimulating investment interest through volatility.

The current market is exploring its direction while funds are dispersing into stable assets alongside the emergence of some rapidly rising tokens. An investment approach considering diversification strategies focused on core assets and volatility defense is required, rather than excessive chasing purchases.

CryptocurrencyPriceRate of ChangeExchange
WOM35.7451.36Bithumb
OLAS527.750.77Korbit
NFP63.550.47Coinone
MOODENG291.048.95Bithumb
GEOD377.937.42Korbit

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#Bitcoin#USDT#Doge#MOODENG#WOM#RisingCoins#FallingCoins#TradingVolume#NetBuying#Upbit#Bithumb#Coinone#Korbit

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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